3 Italia Buys TV Broadcast Firm
Tim Richardson writes in The Register:
3 Italia has become Europe's first mobile operator to own a national digital TV licence after it acquired Italian broadcaster Channel 7.
The Italy-based 3G operator - majority owned by Hutchison Whampoa - is looking to develop pay TV and interactive services for its mobile video network using DVB-H (Digital Video Broadcasting: Handheld) technology. Services are due to begin in the second half of 2006, the company said in a statement.
Financial details were not released but reports suggest that 3 paid between €30m - €35m (£20m - £24m) for the channel.
posted by Fergie @ 11/29/2005 06:09:00 AM
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